From January to September 2014 4,000,000 tons of transit oil was transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline against 2.1 million tons during the same period in 2013, reads the report of the Azerbaijan State Statistical Committee during 9 months, 2014.
“During this period 4 million tons of transit oil was transported from the Sangachal terminal via the BTC,” reads the report.
During 2013 3.3 million tons of transit oil was transported via BTC against 3.1 million tons in 2012.
Since July 2010 Turkmen offshore oil is transported via BTC and since November 2013 – Kazakhstan oil from the Tengiz field. In May 2014 Russian private LUKoil company also transported 30,000 tons of oil extracted on the Russian sector of the Caspian Sea via the BTC.—0—
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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